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Bloom Select Income Fund (T:BLB.UN)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
 
Company Contact
Address: 114 Old Forest Hill Road
TORONTO ON M5P2R9
Tel: N/A
Website: https://bloomfunds.ca
IR: See website
Key People
M. Paul Bloom
Director, President, Secretary, Ultimate Designated Person, Chief Compliance Officer and Portfolio Manager of the Manager
Fiona E. Mitra
Chief Financial Officer of the Manager
Adina Bloom Somer
Vice President, Director, Portfolio Manager of the Manager
Kevin G. Willis
Vice President of the Manager
   
Business Overview
Bloom Select Income Fund (the Fund) is a Canada-based closed-end investment trust. The Fund's investment objectives are to provide unitholders with an investment in an actively managed portfolio consisting primarily of Canadian equity securities that exhibit low volatility at the time of investment, monthly cash distributions that have a component of Canadian eligible dividends, and the opportunity for capital appreciation. The Fund's portfolio consists primarily of Canadian equities, income trusts, and real estate investment trusts. The Fund's portfolio includes investments in various sectors, such as energy infrastructure, industrials, consumer discretionary, utilities, telecommunication services, materials, consumer staples, oil and gas distribution, cash and cash equivalent, financials and real estate. Bloom Investment Counsel, Inc. serves as the manager and trustee of the Fund.
Financial Overview
For the six months ended 30 June 2023, Bloom Select Income Fund revenues increased from -C$417K to C$243K. Net income totaled C$63K vs. loss of C$611K. Revenues reflect Unrealized G/L on Investment Securities increase from -C$1.2M to C$857K, Interest for distribution purposes increase from C$5K to C$21K, Dividend and distribution income increase of 1% to C$209K.
Reporting Currency: Canadian Dollars
Enterprise value: $7.88M as of Jun 30, 2023
Annual revenue (TTM): $-0.05M as of Jun 30, 2023
EBITDA (TTM): -$0.42M as of Jun 30, 2023
Net annual income (TTM): -$0.42M as of Jun 30, 2023
Free cash flow (TTM): $0.01M as of Jun 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 1,175,098 as of Mar 14, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization